Lockheed, Raytheon Win Air Force Contracts For New Nuclear Cruise Missile

Lockheed Martin [LMT] and Raytheon [RTN] received contracts Aug. 23 to mature designs for the Long Range Standoff Weapon (LRSO), a replacement for the U.S. Air Force’s aging, nuclear-armed, air-launched cruise missile (ALCM).Each company has been awarded a…

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